PETALING JAYA: Leong Hup International Bhd is set to benefit from higher feedmill capacity and stable commodity prices, while the company’s automation drive of seed mills is to lower its reliance on labour and save cost.
The consumer sector is looking more optimistic this year as domestic spending is expected to be boosted by government handouts to increase spending on staple food and a higher number of tourist arrivals.
KUALA LUMPUR: Leong Hup International Bhd has appealed the Malaysia Competition Commission's (MyCC) decision to fine its wholly-owned subsidiary Leong Hup Feedmill (M) Sdn Bhd as an alleged member of a poultry feed price-fixing cartel.
Leong Hup International Bhd has appealed against the Malaysia Competition Commission’s (MyCC) decision to fine its wholly-owned subsidiary Leong Hup Feedmill (M) Sdn Bhd as an alleged member of a poultry feed price-fixing cartel.
Leong Hup International Bhd’s (LHI) pro forma net gearing ratio is expected to deteriorate to 0.96 times from 0.7 times, assuming the group fully utilises its cash reserves for the penalty settlement imposed on it by the Malaysia Competition Commission (MyCC).